Talking Risk

Chapter 2

Well boy that was the longest week ever! I couldn’t wait to continue this risk talk! I even have my friend here curious, how I talking about it so much. She joined the Bank about 2 weeks ago when you were out on leave.

No man … you ain’t got to do that. I done give her the lesson. I tell her ‘bout Music Fest and Buju and even the elections! She safe man.

Ok then. So since we know how to identify the risk, we have to assess it to see how it will affect the objective.

I’m glad to know that you so into it. So you want me to go over what we spoke about last week?

You mean like on a scale of 1 – 10, how bad it would be if his brother finish the CFA in March 2021 instead of December 2020?

Well I thought we done do that last week. My brother ain’t going finish his CFA in time, I ain’t going finish my assignment because of Music Fest and my pardner going pay less tax ( hopefully) elections)

That’s one part -- identifying what ‘ could ’ happen; but there is more. You have to figure out how severely the objective would be affected if the event occurs – would the impact be significant, very high, high, moderate or low.

Wait, slow down; what scale this now?

Yes, something like that.

So if you think it’s such a high risk, just don’t bother go to music fest!

I could tell you right now without any scale.

And miss Buju??? Really?? You must not be not feeling well!

For the CFA, the impact is low … if my brother finish 3 months later, it ain’t going kill him.

Anyway, don’t worry, I working on a plan.

With the tax thing, I would say moderate - if the tax reduce from 35% to 20%, its more money for my friend, but if it ain’t happen, no sweat, because he living without it now. Plus, it ain’t going be no big windfall - is a little small supermarket the boy have, ain’t like Rams or Valumart. Now, with the assignment the boss give me to do, if I miss the deadline, that one high , because the boss man have to report to the bigger bosses, you check!